Chinese VCs are targeting failed founders' personal assets and blacklisting them as debtors when they don't pay, throwing China's funding ecosystem into crisis
Very interesting FT article on Chinese VC: “Chinese venture capitalists are hounding failed founders, pursuing personal assets and adding them to a national debtor blacklist when they fail to pay up, throwing the country's start-up funding ecosystem into crisis.” — www.ft.com/content/38f1... X: Thomas Maxwell / @tomaxwell : It's crazy how in China, VCs are seizing founders' personal assets if their startups fail. Personal bankruptcy does not exist in China so they are trapped with the debt until they can repay